Rising Star
Related Posts
Layoffs at Walmart corporate 😬😬
Bowl Leader
More Posts
Conversation Starter
I hated the intro 😒 thoughts?
Thank you for creating this bowl
Additional Posts in Accounting
What are some good personal finance books?
KPMG training center renderings pretty nice!
Does anyone else feel Monday closing in?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
At least Deloitte had the balls to call it layoffs. That way people got severance, extended benefits and no issues getting unemployment. What PwC (and likely others) are doing is a meager attempt to preserve the firm’s reputation while screwing over employees.
I got severance after getting a 5
As a Deloitte partner - this is what we knew was coming when others announced no separations due to covid. When's your fiscal year end? That's the guiding part here.
Rising Star
PwC’s performance year is May 1 – April 30, and fiscal year is July 1 – June 30. PwC is disguising a sudden uptick in PIPs and layoffs as “performance separations” at the expense of its employees. Shady af. I put in my 2 weeks notice this week – so relieved to be leaving 👋🏼
Hopefully not bad news but let us know what happens...
If HR is CC you know it's a layoff or something bad.
PwC hasn’t done any COVID 19 layoffs. Only annual separations due to performance. HUGE difference.
Just at a much higher rate than any past years... convenient
Damn, putting on the meeting the day before? Most times I hear they do a day-of meeting invite so people don’t have too much time to react.
Oh man. And my pwc friends were so snide when I told them Deloitte was doing COVID layoffs.
this is coming folks - far less attrition than in a non-COVID year, fee pressure from clients, loss of special projects. Agree it's low to call it performance related. you can be middle of the road and if few to no one below that rating, by definition you are at the bottom and so "performance" comes into play.
Where’s the meme for “when you’re invested in a story and the OP totally blows off the community they drew into it.”
I had to lead one of those mtgs and we did not add HR to the same invite. It was set up as a counselor/ counselee mtg. Not good to include HR up front like that as you might as well announce a PIP if lay-off
OP, we the community want the deets on the meeting. How did it go?
OP, what happened?
Either OP was playing us or sh$$ got real during that catch-up 👀
Or OP realized it was for an issue related to genuine performance concerns. Either way, there is no disguise happening at PwC. Separations due to performance are done through PIP consistent with previous years. If someone wants to believe in sensational conspiracies there is nothing that can be said or done to prevent that
PwC 6, I can’t agree with you more!
Sounds like EY
Haven’t heard anything like this either
Sorry to hear. These days we almost always consider lay-off as a bad thing. In my mind, businesses need to lay off people in a lot situations. At the end of day it is business. As an individual, we change jobs for better pay and life quality all the time. I don’t see why business can not do it (as long as it does it in a decent way). For individuals, lay-off may have negative impact in short term but it will likely to have positive impact in the long run.
Lay-off is necessary for business, but also doesn’t mean ppl can’t complain about it. If we leave right before busy season, we almost get crucified but when firm does lay-off right after busy season we call it a necessity.
Company culture is everything
Definitely the latter! by no means I would justify what is happening
Please let us know what happens tomorrow. I hope it’s a false alarm 🤞
OP what was your rating?
Seeing if this is me.
Are you looking to work elsewhere or waiting to be laid off?
Wow, just wow!